Geek Ventures | Investment Thesis & Preferences

01Investment Thesis

Geek Ventures invests in bold, innovative, and brilliant immigrant entrepreneurs, pursuing high scalability and large total addressable markets (TAM) of $10 billion or more.

02Founder Preferences

Exceptional founders who are deeply passionate about their category, with a priority on immigrant founders.

03Investment Team

IM

Ihar Mahaniok

04F4 Research Brief

Ihar Mahaniok - Geek Ventures Research Document

Investment Philosophy & Thesis

Ihar Mahaniok founded Geek Ventures with a distinctive thesis: immigrant founders building technology solutions are disproportionately successful and underserved by traditional venture capital. His investment career spans two distinct phases—over 150 angel investments as a successful Google/Meta engineer, followed by formalized venture investing through Geek Ventures—giving him unique insight into founder psychology, technical credibility assessment, and the immigrant founder experience in Silicon Valley.

Geek Ventures raised Fund I in June 2023 with $23M and 70 LPs, deploying capital across pre-seed and seed stages with a focus on founders who share immigrant backgrounds or perspectives. Ihar's thesis extends beyond immigrant origin to technical depth and founder conviction—he backs engineers and builders, not marketing-first entrepreneurs. His 20+ years at Google and Meta (spanning Gmail, Android, and AI infrastructure teams) position him to assess technical feasibility and evaluate whether founders understand their own technology deeply.

The firm's defining characteristic is disciplined, fast decision-making paired with authentic founder support. Ihar promises 1-3 week decision timelines and commits to providing real value—network introductions to customers and future investors, US fundraising education for international founders, term sheet negotiation support—rather than passive capital deployment.

Core Investment Focus

Geek Ventures operates as a sector-agnostic seed fund within technology, meaning they invest across any tech-enabled business rather than specializing in specific industries. However, this sector agnosticism comes with clear conviction areas:

Stage Focus: Pre-seed through early seed. The fund targets companies from idea stage through initial product validation, with follow-on capacity up to $1.5M ARR. They explicitly don't lead priced rounds at Series A—instead focusing on being the first institutional check or a SAFE round kickstarter.

Founder Profile: Geek Ventures has developed strong pattern recognition around immigrant-background technical founders. This isn't exclusionary—the fund invests in all founders—but immigrant founders represent a meaningful portion of their portfolio and reflect Ihar's core thesis about underserved founder cohorts. Technical credibility is non-negotiable: founders should understand their own technology deeply and be able to articulate why existing solutions are insufficient.

Technology Domains: Within tech, the fund invests across:

B2B SaaS - Software as a service for business operations
B2C Software - Consumer-facing applications and platforms
Hardware + Software - Physical products with embedded intelligence
Deep Tech - Frontier AI, biotechnology, advanced materials

Geographic Preference: United States only. While the team operates from New York, Austin, Kyiv, and Tel Aviv, the fund focuses on companies operating in or expanding into US markets. This geographic specificity allows Ihar to provide hands-on US fundraising education—a key value add for immigrant founders entering US venture markets.

Stage Focus & Check Size

Primary Stage: Pre-seed to Seed (can write checks as early as idea stage with strong technical conviction)

Check Size:

First check: $200K - $800K (typical initial investment)
Follow-on capacity: Up to $3M in follow-on rounds for existing portfolio companies
Fund I Total: $23M deployed across 34 investments in 2023 alone, indicating ~$500K-$700K average ticket size

Lead Tendency: Selective lead, but typically co-invests. Geek Ventures doesn't typically lead priced rounds at Series A and beyond. Instead, they frequently kickstart SAFE rounds for pre-seed companies or co-lead seed rounds with other quality VCs. This positioning reflects their stage focus and capital base—they have meaningful check size but aren't building institutional relationships as series leads.

Recent Activity & Portfolio

Current Status: Actively deploying Fund I capital. The fund maintains consistent deployment velocity of 1-2 new portfolio companies per month, as of late 2025.

Fund Metrics:

Fund Size: $23M (Fund I, closed June 2023)
LP Count: 70 limited partners
Portfolio Size: 55+ current portfolio companies
2023 Activity: 34 investments made, 19 brand-new companies (net of follow-ons)
Historical Investment Volume: 200+ total startup investments (including angel phase)
Total Exits: 15 exits from entire investing history
Unicorn Exits (from angel investing era): 5 unicorns: Instacart, PandaDoc, People.ai, Airbyte, Jeeves

Recent 2025 Investments:

EVE (Nov 2025): joineve.ai, tryharmony.ai - likely AI/productivity tool focused on founders or operational teams
Continued active deployment with 1-2 new companies per month

Portfolio Company Characteristics: The 55 portfolio companies span sectors from B2B SaaS to hardware to deep tech. Notable pattern: several portfolio companies have immigrant founders or serve international markets.

Team & Decision Structure

Founder & Lead Partner: Ihar Mahaniok

Background: 20+ years at Google and Meta (Gmail, Android, AI infrastructure teams)
150+ angel investments pre-Geek Ventures
Decision maker for new investments

Partnership Model: Lean team structure with specialized partner roles. The firm operates with:

Alexander Zemlyak - Principal (investment diligence and portfolio support)
Maks Strukov - Associate (sourcing and early diligence)
Sarah Romanko - Associate (operations and founder support)
Dmytro Rohozhynskyi - Executive Assistant

Decision Process: Partnership-based with Ihar as final decision authority. The team sources opportunities from founder networks, angel communities, and existing portfolio referrals. Given 1-3 week decision timelines and consistent deployment velocity, decisions emphasize rapid conviction assessment over extended due diligence. Technical credibility assessment (can they articulate their technology clearly?) often drives yes/no decisions.

Decision Timeline: 1-3 weeks from serious interest to term sheet. This is deliberately fast—Geek Ventures sees speed as a value proposition for pre-seed founders who value decisiveness and hate prolonged diligence.

Founder Preferences & Anti-Thesis

Founder Type: Geek Ventures backs technical founders with immigrant perspective and deep conviction who are:

Building products, not raising capital (focus on product quality over pitch perfection)
Technically credible and able to explain their technology clearly
Solving real problems they've personally experienced
Immigrant-background or internationally connected (preferred but not required)
Willing to accept fast decisions and direct feedback

Anti-Thesis:

Founders primarily motivated by fundraising narrative over product
Teams with no technical depth (hired MBA to raise capital)
Solutions without clear competitive advantage or differentiation
Founders unwilling to deeply understand their own technology
Pitches that emphasize TAM/growth narratives over product quality
International founders uncomfortable working in US venture markets (geographic mismatch)

Geographic & Sector Strategy

Geographic Focus: United States only, with meaningful team presence in New York (primary office), Austin (secondary), Kyiv, and Tel Aviv (likely advisor/network presence for international sourcing).

Sector Approach: True sector agnosticism within technology. Unlike vertical specialists, Geek Ventures doesn't prioritize specific industries. Instead, they pattern-match on founder credibility and technical depth across all tech verticals. This approach works because Ihar's technical background spans multiple domains, and the fund values founder expertise over VC domain expertise.

Geographic Value Add: For immigrant founders, Geek Ventures provides US market expertise that international VCs cannot—understanding US fundraising mechanics, LP expectations, customer acquisition costs in US markets, and navigating visa/immigration considerations. This geographic specificity creates genuine competitive advantage over global VCs.

Co-Investment & Partnership Patterns

Geek Ventures maintains a network of co-investors at pre-seed and seed stages:

Tier 1 Co-investors: Y Combinator (YC batch companies), Stripe Press alumni, early-stage angels
Strategic Co-investors: Industry specialists in relevant verticals, founder-operators making angel investments
Follow-on Sources: Seed VCs and growth funds for Series A rounds

The $200-800K check size positions Geek Ventures as a meaningful first institutional check but not necessarily the largest check in seed rounds. They frequently co-invest with 2-5 other early-stage VCs, indicating comfort with syndicated rounds and emphasis on co-investor quality over lead control.

Competitive Differentiation

Immigrant founder thesis: While immigrant founders are no longer "undiscovered," Geek Ventures' authentic commitment to this cohort (evidenced by fund leadership and team diversity) creates genuine affinity with this founder segment.
Technical founder credibility: Ihar's 20+ years of deep technical work (not MBA/consulting background) allows him to assess technical feasibility and founder technical depth with credibility competitors lack.
Speed and decisiveness: 1-3 week decision timelines in an era of extended diligence create competitive advantage for founders who value decisive partners.
US market expertise for international founders: The fund provides tangible value to immigrant founders navigating US venture markets—not just capital, but operational knowledge about customer acquisition, US VC expectations, and fundraising mechanics.
Angel investor track record: 150+ angel investments and 5 unicorn exits demonstrate Ihar's ability to identify early-stage founder talent and support long-term growth.
Founder-centric operations team: Sarah Romanko (operations) and other team members focus on genuine founder support rather than portfolio-optimization metrics.